Jeff Mcneil Sells 7,500 Shares of Enphase Energy Inc (NASDAQ:ENPH) Stock

Enphase Energy Inc (NASDAQ:ENPH) COO Jeff Mcneil sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $24.03, for a total value of $180,225.00. Following the transaction, the chief operating officer now directly owns 312,738 shares of the company’s stock, valued at $7,515,094.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeff Mcneil also recently made the following trade(s):

  • On Monday, September 9th, Jeff Mcneil sold 7,500 shares of Enphase Energy stock. The shares were sold at an average price of $25.08, for a total value of $188,100.00.

ENPH stock traded down $0.25 during midday trading on Friday, reaching $24.28. 3,112,429 shares of the company traded hands, compared to its average volume of 3,510,586. Enphase Energy Inc has a 52-week low of $4.06 and a 52-week high of $35.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.30 and a current ratio of 2.44. The business has a 50 day moving average of $26.40 and a 200-day moving average of $19.45. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -202.33 and a beta of 0.85.



Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. Enphase Energy had a return on equity of 31.17% and a net margin of 2.63%. The business had revenue of $134.09 million for the quarter, compared to the consensus estimate of $120.36 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 76.7% compared to the same quarter last year. Research analysts anticipate that Enphase Energy Inc will post 0.55 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Aperio Group LLC purchased a new stake in shares of Enphase Energy in the second quarter worth approximately $26,000. Gradient Investments LLC purchased a new stake in shares of Enphase Energy in the third quarter worth approximately $60,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Enphase Energy by 607.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,830 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,430 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Enphase Energy in the second quarter worth approximately $54,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Enphase Energy in the second quarter worth approximately $89,000. Institutional investors and hedge funds own 43.36% of the company’s stock.

ENPH has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Enphase Energy in a research note on Monday, September 16th. They set an “overweight” rating and a $32.00 price target for the company. HC Wainwright upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, July 31st. ValuEngine downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Enphase Energy from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, October 1st. Finally, Roth Capital upped their price objective on Enphase Energy from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Enphase Energy currently has an average rating of “Hold” and a consensus price target of $33.95.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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